For 30 years, Lawrence Community Works (LCW) has been an invaluable housing resource for thousands of families in Lawrence.
LCW has generated more than $70 million in new neighborhood investment, including more than 250 units of affordable rental and for-purchase housing on 15 abandoned and vacant parcels, a new community center and three new playgrounds. LCW has also provided a range of family asset building and youth development efforts, making it one of the more effective Community Development Corporations in Massachusetts.
MassHousing has been a long-term partner with LCW in both its effort to develop affordable rental and for-purchase housing as well as educating and supporting homebuyers and homeowners in the city.
Through the Affordable Housing Trust Fund, which MassHousing manages on behalf of the state Department of Housing and Community Development, MassHousing has provided approximately $2 million in financing for 129 units of affordable rental and for-purchase housing developed by LCW in six new construction projects.
MassHousing's Homeownership Business Development staff has also worked closely with LCW's trained and certified homeownership counselors who provide credit and budget counseling, mortgage pre-qualification and financial analysis, access to financial assistance and affordable homeownership programs, and planning advice with the goal of helping participants assess their readiness and prepare them for homeownership.
Once homeownership is achieved, LCW's Homeownership Center continues to provide education and counseling services to help new and current homeowners achieve long-term success. Members are invited to post-purchase counseling and workshops covering smart refinancing, landlord training and condominium ownership education, wealth accumulation strategies and long-term financial planning, basic maintenance, rehabilitation and energy efficiency education, and foreclosure intervention.
"Lawrence Community Works has been a major force in the housing landscape in Lawrence for three decades," said MassHousing Executive Director Tim Sullivan. "While their overall body of work is very impressive and important, it's the thousands of individual success stories in helping people find a quality, affordable place to live that really defines LCW's legacy."